0831 GMT - Hang Lung Properties' stock valuation remains inexpensive to DBS Group Research analysts. Shares of the Hong Kong-listed property developer have risen 29% in the past six months, they say in a note. Its tenants' sales outlook will likely improve, which would augur well for the company's retail rent growth. Hang Lung's long-term operating leases for some commercial complexes are likely to boost its rental earnings stream, which would justify a higher stock valuation, the analysts say. DBS Group Research raises its target price to HK$10.50 from HK$10.00 and maintains its buy rating. Shares ended 0.1% higher at HK$8.94. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

December 17, 2025 03:31 ET (08:31 GMT)

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